HB3160 101ST GENERAL ASSEMBLY

LRB101 08600 AWJ 53679 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3160

Introduced , by Rep. Jerry Costello, II

SYNOPSIS AS INTRODUCED:

65 ILCS 115/10-4

Amends the River Edge Redevelopment Zone Act. Provides that, on and after the effective date of the amendatory Act, an area is qualified to become a zone if it is an area in the State: (1) located on a river; (2) with less than 30,000 population; and (3) that (i) has a median household income of less than 80% of State median income for a household of 4, (ii) has a per capita personal income of less than 60% of the per capita personal income for Illinois, or (iii) has a median home price of less than 60% of the State median home price. Effective immediately.

FISCAL NOTE ACT MAY APPLY

HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The River Edge Redevelopment Zone Act is amended by changing Section 10-4 as follows:

(65 ILCS 115/10-4)

Sec. 10-4. Qualifications for River Edge Redevelopment Zones.

(a) Before the effective date of this amendatory Act of the 101st General Assembly, an An area is qualified to become a zone if it:

(1) is a contiguous area adjacent to or surrounding a river;

(2) comprises a minimum of one half square mile and not more than 12 square miles, exclusive of lakes and waterways;

(3) satisfies any additional criteria established by the Department consistent with the purposes of this Act;

(4) is entirely within a single municipality; and

(5) has at least 100 acres of environmentally challenged land within 1500 yards of the riverfront.

The changes made by this amendatory Act of the 101st General Assembly do not affect the certification of any area certified by the Department as a River Edge Redevelopment Zone under this subsection before the effective date of this amendatory Act of the 101st General Assembly.

(b) On and after the effective date of this amendatory Act of the 101st General Assembly, an area is qualified to become a zone if it is an area in the State:

(1) located on a river;

(2) with less than 30,000 population; and

(3) that meets one of the following conditions:

(i) has a median household income of less than 80% of State median income for a household of 4, as determined by the U.S. Department of Housing and Urban Development;

(ii) has a per capita personal income of less than 60% of the per capita personal income for Illinois as determined by the U.S. Department of Commerce; or

(iii) has a median home price of less than 60% of the State median home price.

(Source: P.A. 94-1021, eff. 7-12-06; 94-1022, eff. 7-12-06.)

Section 99. Effective date. This Act takes effect upon becoming law.